WHICH ADVISER?
There are two types of Licensed Adviser available when setting up a Mortgage:
Type One:  The Financial Adviser
This type of Adviser can offer you the following:

  • Detailed Mortgage Advice

  • Non-Regulated Life Cover (e.g. Term Assurance)
  • General Insurance Products (e.g. Buildings & Contents Insurance)
  • Regulated Life Cover (e.g. Whole of Life)
  • Pensions & Pension Mortgages
  • Investments & Investment Mortgages (ISA, Endowment etc.)
  • Inheritance Tax Planning
  • Wills & Trusts
Type Two:  The Mortgage Adviser
This type of Adviser can offer you the following:

  • General Mortgage Advice

  • Non-Regulated & General Insurance Products
IMPORTANT

Both types of Adviser fall into one of three main categories:

  1. A Tied Adviser who works for a lender offering the products of their employer.  A typical example might be a Bank or Building Society employee
  2. A Multi-Tied Adviser who works for a company who in turn have negotiated deals with a selected panel of lenders. An example might be an Estate Agent
  3. An Independent Adviser who offers products from the entire market place and who works exclusively for you 
Therefore, there is a range of choice between the Tied Mortgage Adviser (limited advice, one lender) at one end of the spectrum up to the Independent Financial Adviser (full advice, any lender) at the other